German pension funds more interested in infrastructure than real estate

German pension funds are looking for opportunities in infrastructure investments as prices in the real estate sector have already “rallied too far”.
Daniel Just, head of asset management at the €53bn Bayerische Versorgungskammer (BVK), told IPE he had “lost appetite” for most real estate investments, as prices had “rallied extremely” in sectors such as direct German real estate, Spezialfonds abroad and real estate funds of funds in specialist sectors………………………………………..Full Article: Source